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December 23, 2024
 

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Thomas I. Palley
COMMENTARY / World
Jul 24, 2013
To avoid the currency wars
The global economy needs exchange rate coordination now to damp the possibility of 'currency wars' as countries seek to gain competitive advantage.
COMMENTARY / World
Nov 5, 2009
Dollar dying at the hands of a weak renminbi
WASHINGTON — Over the last several weeks, the dollar's depreciation against the euro and yen has grabbed global attention. In a normal world, the dollar's weakening would be welcome, as it would help the United States come to grips with its unsustainable trade deficit. But, in a world where China links...
COMMENTARY / World
Aug 29, 2009
One hand clapping for the Fed's Bernanke
WASHINGTON — President Barack Obama's nomination of Ben Bernanke to a second term as Chairman of the U.S. Federal Reserve represents a sensible and pragmatic decision, but it is nothing to celebrate.
COMMENTARY / World
Nov 27, 2008
Letting the Big Three fail risks a meltdown
WASHINGTON — The financial crisis that began in 2007 has been persistently marked by muddled thinking and haphazard policymaking. Now, the U.S. Treasury is headed for a mistake of historic and catastrophic proportions by refusing to bail out America's Big Three automakers.
COMMENTARY / World
Jun 30, 2008
Best way to beat the oil barons
Over the past 18 months, oil prices have more than doubled, inflicting huge costs on the global economy. Strong global demand, owing to emerging economies like China, has undoubtedly fueled some of the price increase. But the scale of the price spike exceeds normal demand and supply factors, pointing...
COMMENTARY / World
Feb 14, 2008
Washington suffering from debt delusion
WASHINGTON — A second big American interest-rate cut in a fortnight, alongside an economic stimulus plan that united Republicans and Democrats, demonstrates that U.S. policymakers are keen to head off a recession that looks like the consequence of rising mortgage defaults and falling home prices. But...
COMMENTARY / World
Feb 8, 2008
Breaking the monopoly on econ theory
WASHINGTON — For 25 years, the so-called Washington Consensus — comprising measures aimed at expanding the role of markets and constraining the role of the state — has dominated economic development policy. As John Williamson, who coined the term, put it in 2002, these measures "are motherhood...
COMMENTARY / World
May 23, 2007
How Japan fuels financial instability
NEW YORK — Over the past several years, much attention has focused on the role of China's trade surplus in creating today's global financial imbalances. But too little attention has been paid to the role of Japan's policy of near-zero interest rates in contributing to these imbalances. As global financial...
Zelenskyy to replace Ukraine ambassador to Japan
Ukrainian Ambassador to Japan Sergiy Korsunsky delivers a speech during a handover ceremony of Self-Defense Force vehicles to Ukraine, at the Defense Ministry in Tokyo, in May last year.
Bankruptcies and suicides rise as Japanese struggle with mounting debt
Lawyers estimate that personal bankruptcies in Japan are on track to reach the highest since 2012 this year.
Honda and Nissan consider mutual production of vehicles, report says
Honda CEO Toshihiro Mibe at the Japan Mobility Show 2023 at Tokyo Big Sight in October 2023.
The mighty Mekong River's growing plastic problem
A group of elephant keepers in Chiang Saen, Thailand, remove plastic waste from the Ruak River, a tributary of the Mekong River, as a pair of Asian elephants bathe behind them.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
For baseball fans, 2024 brought The Summer of Shohei Ohtani
Dodgers designated hitter Shohei Ohtani reacts to a standing ovation from fans after hitting his 50th home run of the season, against the Marlins in Miami on Sept. 19.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
Is Japan finally ready to tap its abundant geothermal energy potential?
Steam rises from a geothermal plan in Yuzawa, Akita Prefecture. Despite its long history and potential, geothermal provided just 0.3% of Japan's overall energy mix in the fiscal year from April 2023
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Visitors to Kyoto walk along a street near Kiyomizu Temple in April. A popular tourist spot, Kyoto has seen what locals feel to be an overwhelming amount of tourists in 2024.
Is Japan ready for 60 million tourists?
By Kathryn Wortley

SUSTAINABLE JAPAN

Azabudai Hills, Tokyo’s green new downtown ‘village’
Azabudai Hills, Tokyo’s green new downtown ‘village’

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